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Economy

A gas rig in the Tiadaghton State Forest.
Politics & Policy
StateImpact Pennsylvania

Pennsylvania lawmakers push pro-fossil fuel bills, citing Russia’s war and need for energy security

A slate of bills reference the energy situation in Europe caused by Russia’s war with Ukraine, though many of the issues the bills would address have lingered for years.

4 years ago

Philadelphia City Hall.
Politics & Policy
Billy Penn

Tax the rich? A new bill in City Council would place a levy on stocks and bonds

The Philly Wealth Tax could bring in $150 to $400 million a year, backers say.

4 years ago

A close-up of President Joe Biden.
Politics & Policy

Biden’s budget plan: Higher taxes on rich, lower deficits

President Biden's budget plan calls for higher taxes on the wealthy, lower budget deficits, more money for police and greater funding for education, public health and housing.

4 years ago

A close-up of President Joe Biden.
Politics & Policy

Biden budget seeks minimum tax on households worth $100m

In his proposal expected Monday, the lower deficits also reflect the economy's resurgence as the United States emerges from the pandemic.

4 years ago

People seated at the bar inside a restaurant.
Money

A ‘meaningless’ change: Restaurant workers say Pa.’s new threshold for tipped wages won’t make much difference

The monthly tip income factored in the minimum wage employers can pay will go up to $135 soon. But it still doesn’t mean a paycheck you can live on.

4 years ago

President Joe Biden speaks at a podium, with European Commission President Ursula von der Leyen standing in the background.
Politics & Policy

U.S., EU announce new partnership to undercut Russian energy

U.S. President Joe Biden asserted that Russian President Vladimir Putin uses energy to “coerce and manipulate his neighbors.”

4 years ago

People of color were responsible for the majority of opening-weekend domestic ticket sales for big Hollywood hits such as Spider-Man: No Way Home enjoyed. (Matt Kennedy/Sony/Columbia Pictures)
NPR
Arts & Entertainment

People of color helped Hollywood through another pandemic year, a new study says

According to a new study from UCLA, people of color were integral to keeping the business afloat — both on screen and in the audience.

4 years ago

The exterior of Legislative Hall in Dover.
Politics & Policy

$300 rebate checks could be coming soon to Delaware taxpayers

Every state resident who filed a 2020 tax return will get a direct payment, under a bipartisan plan expected to be approved by lawmakers next month.

4 years ago

Federal Reserve Chair Jerome Powell speaks during a news conference in Washington on March 3. Companies can borrow money from the Fed under its new lending programs, but the central bank's effort to help the economy has had lopsided results.
Money

Powell says Fed will hike further and faster if necessary

Powell's message was more hawkish than his comments were after last week's Fed meeting.

4 years ago

Mitch Engleka, 28, manufacturing engineer (right) and Nick Ball, a manufacturing technician (left), inspect a mold that creates latches to secure the spare tire on a Dodge Durango at Southco in Concordville, Pa.(Kimberly Paynter/WHYY)
Community

Business is booming for Delaware Valley manufacturers. Why aren’t people applying for the thousands of open jobs?

As demand for business returns to pre-pandemic levels, Delaware Valley manufacturers struggle to hire, while stigmas about the industry persist.

4 years ago

Listen 6:15
Waves lap ashore near condo buildings in Sunny Isles, Fl., on Aug. 9, 2021.
NPR
Politics & Policy

The U.S. may force companies to disclose climate risks, marking a historic change

The SEC is expected on Monday to propose new requirements for companies to disclose their greenhouse gas emissions and risks to their businesses from climate change.

4 years ago

File photo: Farmers use combines to harvest a wheat field near the village Tbilisskaya, Russia, on July 21, 2021. Russia accounts for 30% of wheat exports, which means that poorer countries that depend on imports could face major supply shocks
NPR
Politics & Policy

The House approves a bill to suspend trade relations with Russia and Belarus

The bill suspends normal trade relations with the countries, another move to squeeze them economically in retaliation for the invasion of Ukraine.

4 years ago

Jerome Powell
Money

Fed begins inflation fight with key rate hike, more to come

The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the 1970s.

4 years ago

On Tuesday, members of of the U.S. National Women's Soccer team, pictured at the 2020 Tokyo Summer Olympics, marked Equity Pay Day in a panel discussion with Vice President Kamala Harris. (Fernando Vergara/AP)
NPR
Community

On Equal Pay Day, women are trying to make a dollar out of 83 cents

Equal Pay Day in the U.S. lands on a different day every year, and this year it turns out on average, women "only" had to work 74 extra days into 2022 to catch up to men.

4 years ago

A Bitcoin logo appears on the display screen of a cryptocurrency ATM at the Smoker's Choice store in Salem, N.H. President Joe Biden is signing an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should create its own digital currency
Politics & Policy

N.J. committees approve measures regulating cryptocurrency, blockchain technologies

The first steps in regulating cryptocurrency in New Jersey are underway. The goal is to provide transparency, consumer protections, and a licensing structure for both operator

4 years ago

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